As new tariffs and retaliatory tariffs grow between the U.S. and its global trading partners, uncertainty around the impacts of supply chain networks intensifies, along with the risk of significant impacts on overall supply chain costs. If risk mitigations from trade policy changes are done as ad hoc endeavors, they can emphasize organizational biases and impact long-term decision making.
Uncertainties Over New Tariffs Send Supply Chain Leaders Scrambling
New trade policies and tariffs are having a ripple effect throughout the world, threatening supply chains that have been woven to function in a world of globalization. This research identifies some of the risk management tools that supply chain leaders can use.